Financials and Investment News in South Africa

Vivo Energy Announces Scheme of Arrangement Becomes Effective
7/25/2022 - On 25 November 2021, the boards of Vivo Energy plc (the "Company" or "Vivo") and BidCo announced that they had reached agreement on the terms of a recommended cash offer for all of the issued and to b...
Africa Oil Share Capital & Voting Rights Update
5/31/2022 - Africa Oil Corp. reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. As a result of the exercise of stock options under the C...
Africa Energy Block 2B Operations Update
4/19/2022 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to report that Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic") has deposited approximat...
Eco Atlantic Announces Result of Oversubscribed Equity Fundraise
4/6/2022 - Eco (Atlantic) Oil & Gas Ltd. is pleased to announce, further to the Company's announcement of 5 April 2022, the successful completion of an oversubscribed Equity Fundraise. A total of 64,885,496 new ...
Africa Oil Announces Positive Amendments to Its Corporate Facility
1/31/2022 - Africa Oil Corp. ("AOI") is pleased to announce a number of positive amendments to its Corporate Facility.

All lenders have approved increasing the available amount to $100 million from t...
Africa Oil Announces Share Capital Update
12/31/2021 - Africa Oil Corp. reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. As a result of the exercise of 188,000 stock options und...
Africa Energy Provides Corporate Update
11/10/2021 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, has granted incentive stock options to certain directors, officers, employees and other eligible ...
Operational Achievements for Half Year Ended 31 December 2020
3/16/2021 - HALF YEAR HIGHLIGHTS - Completion of interim funding by early conversion of options raising $1.26 million to accelerate planned exploration and development.
- Gas production rights granted to e...
Grant of Options under Annual Long Term Incentive Plan
12/18/2020 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, announces that options (the "Options") over a total of 86 million new ordinary shares ("Shares") in the capital of the...
Interest in Block 11B/12B, Consolidated with Africa Energy
11/13/2020 - Impact Oil & Gas Limited, a privately-owned, African-focused, exploration company, is pleased to announce that it has successfully completed the previously announced transaction with Africa Energy Cor...
Africa Energy Closes Previously Announced Subscription Agreement
11/12/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces the successful closing of the equity issue of 509,092,771 common shares in the Company ...
Africa Oil Announces Favorable Prime RBL Redetermination
10/1/2020 - Africa Oil Corp. ("AOI") is pleased to provide an update on Prime Oil & Gas B.V. ("Prime") Reserve Base Lending facility ("RBL"). Africa Oil has a 50% shareholding in Prime, a company with deepwater p...
Africa Energy Closes Previously Announced Private Placement
9/30/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces the successful closing of the equity issue (the “Private Placement”) of common shares i...
Africa Energy Closes Books in Upsized Private
9/22/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces that it has successfully completed the book-building for the previously announced equit...
Rise of Pan-African Banking Could Raise Between $490-$950bn
9/4/2017 - Estimates from PwC analysis show the financial development opportunity in Sub-Saharan Africa could range between $490 and $950 billion of additional credit for the region with the right regulatory, ba...
AfDB Establishes Regional Development & Business Delivery Office
8/18/2017 - African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement, establishing the Bank’s Southern African Regional Development...
Oil Trader Gunvor Suing Cerberus over Failed Chevron Bid
1/4/2017 - Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid...
Africa Energy Announces C$15 Million Private Placement
10/31/2016 - Africa Energy Corp. (Africa Energy) intends to raise CDN$15 million in new equity through a non-brokered private placement of new shares (the "Offering"). The private placement will be effected on a r...
Kinetiko Completes $0.6m Capital Raising
9/3/2015 - Kinetiko Energy Limited is pleased to announce that it has successfully completed a placement to sophisticated investors to raise gross proceeds of $584,400. Proceeds from the placement will be used t...
Sunbird Completes $5m Stage 1 Capital Raising
10/7/2014 - Sunbird Energy Ltd is pleased to announce the completion of the Stage 1, USD$5,000,000, Vandasia Transaction, previously announced on 9 September 2014. ...

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